CAD/CHF Potential Bullish Setup
Global trend is down but price has been in a retrace since early May and currently testing a strong resistance which coincides with the FIB 0.382 of the retracement just a few pips above, price has been nicely following a rising trendline support on the retrace as well.
On the 4HR it is forming an ascending triangle, I expect price to test the trendline a few more times and maybe range a bit before it will break out, I will wait for a 4HR candle close above the retrace and buy on the retrace, BE will be set at 0.68541.
This is not a signal and use proper risk management.
Thanks
Munky83
On the 4HR it is forming an ascending triangle, I expect price to test the trendline a few more times and maybe range a bit before it will break out, I will wait for a 4HR candle close above the retrace and buy on the retrace, BE will be set at 0.68541.
This is not a signal and use proper risk management.
Thanks
Munky83
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.